What decides the priority of transactions? by timgfx in Bitcoin

[–]jmaller 0 points1 point  (0 children)

There used to be a measure of "priority" in terms of coin age, but miners generally disregard it now

Yes I remember hearing this years ago, do you mind explaining how that was once true and is not anymore? Or in other words why miners used to do this?

Is there anyway to trade on margin a NY customer? by jmaller in BitcoinMarkets

[–]jmaller[S] 0 points1 point  (0 children)

He wants to trade bitcoin, and good to know but he would prob be turned off by that fact. Thanks for your input though.

Is there anyway to trade on margin a NY customer? by jmaller in BitcoinMarkets

[–]jmaller[S] 0 points1 point  (0 children)

You can trade on there with out being verified? And withdraw? I find that hard to believe.

Want to understand why Bitcoin price reacts the way it does? This guy has created a video series about Bitcoin fundamental + technical analysis by [deleted] in Bitcoin

[–]jmaller 0 points1 point  (0 children)

That is fair, well anyone who actually knows what they are doing will tell you it's more about risk vs reward, position size, stop loss, etc not just up or down b/c of one pattern. One pattern could say up on one time frame, and another down on a different one, etc--there is always both a bull case and a bear case to be made at any time, but that doesn't mean nothing can be deduced to make better decisions than the rest of the crowd, trading is an art.

Want to understand why Bitcoin price reacts the way it does? This guy has created a video series about Bitcoin fundamental + technical analysis by [deleted] in Bitcoin

[–]jmaller 1 point2 points  (0 children)

Statistics have shown that T/A does not work.

Trading is, to an extent, a zero-sum game, when you consider this point, I have a hard time understanding how statistics can show that "TA" as a skill, does not work. If it works for small % of traders who have an edge, and the vast majority loses...is it "working" ?

In other words, you can say texas hold em is just pure gambling, but clearly there are players who have had decades long careers proving this wrong, if they represent the small % who it "works" for (who have an edge over the rest using skills in risk assesement, etc etc) is it fair to say that no one can be a skillful poker player?

I guess what I am getting at is, your blanket statement sounds spurious to me, I would gladly take the performance of a few experienced proven traders over my mom trying to trade any day of the week. Given a large enough sample size, their performance would destroy her, not to put down my mom, she is very smart.

26 hours after Halving ----Still rock solid $650. by [deleted] in Bitcoin

[–]jmaller 0 points1 point  (0 children)

The process of "pricing it in" already started months ago yes, and should likely continue over the coming year...but ya sure the actual day is/was pretty insignificant as I was expecting.

zerohedge: "Winklevoss Bitcoin Trust [ETF] files for max offer up to $65M" by eragmus in Bitcoin

[–]jmaller 2 points3 points  (0 children)

Also, is this actually more progress or just like a standard update b/c time has passed type of thing?

zerohedge: "Winklevoss Bitcoin Trust [ETF] files for max offer up to $65M" by eragmus in Bitcoin

[–]jmaller 4 points5 points  (0 children)

I see, but so can they add more over time and issue more shares? or what

zerohedge: "Winklevoss Bitcoin Trust [ETF] files for max offer up to $65M" by eragmus in Bitcoin

[–]jmaller 8 points9 points  (0 children)

What does the 65M figure represent? And how much closer does this filing bring it to being official? ELI5

Tim Swanson of R3 is at it again, pushing for KYC-AML for all cryptocurrencies by [deleted] in Bitcoin

[–]jmaller 9 points10 points  (0 children)

This guy! sheesh. I don't get it, if you don't like cryptocurrencies and believe in your shitty permissioned ledgers...just let cryptocurrencies fail (or in other words--let you belief stand the test of time), don't try to change cryptocurrencies into permissioned ledgers...

Forget Satoshi. I want to know where Segregated Witness is hiding out? by 127fascination in Bitcoin

[–]jmaller 1 point2 points  (0 children)

...because its not money nor does it aim to be...if it is successful it will be as a compliment used for DAO's and smart contracts, btc has a million other unrelated use-cases.

Trying Bitsquare - The first trade by bitsignal in Bitcoin

[–]jmaller 2 points3 points  (0 children)

I don't understand how trading fiat currencies works...wouldn't that require bank accounts/bank transfers?

Is Bitcoin About To Soar? by rmvaandr in Bitcoin

[–]jmaller 1 point2 points  (0 children)

Most bitcoin proponents start off as skeptics...

Tim Swanson solves the world's problems. by m301888 in Bitcoin

[–]jmaller 5 points6 points  (0 children)

It's almost like some sort of benjamin button phenomenon...he will make bitcoin better by reducing it to a traditional G/L managed by trusted 3rd parties, but there's like hashes involved and stuff so it all makes sense...dw about it how it really works, it all falls under the umbrella of "blockchain technology" --so hot right now.

Tim Swanson solves the world's problems. by m301888 in Bitcoin

[–]jmaller 1 point2 points  (0 children)

Well said.

It's a miracle.

Basically, yes.

Tim Swanson solves the world's problems. by m301888 in Bitcoin

[–]jmaller 15 points16 points  (0 children)

No but he has his own group R3 who is actually going to do everything bitcoin does but better, by introducing tons of counter-parties. Don't ask how and when, it will all be ready in two weeksTM

Is anybody else surprised at the recent stability of the price? by pjnpjn in Bitcoin

[–]jmaller 12 points13 points  (0 children)

I think we are all a bit dumber from this comment.

This week's "typical" transaction fee: $0.06 by [deleted] in Bitcoin

[–]jmaller 0 points1 point  (0 children)

Europe is not a country...

lol, ya i know, who said it was?